Bitcoin rebounds from midterm dip as DeFi leads gains
Bitcoin recovered from a dip to around $75,600 as Democrats won Congress, while DeFi tokens led gains and Trump-linked coins fell.
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Bitcoin recovered from a dip to around $75,600 as Democrats won Congress, while DeFi tokens led gains and Trump-linked coins fell.
Bitcoin edged up 0.2% to around $76,900 since midnight UTC as spot ETFs lost $399 million for a second day and Binance customers pulled a net $4.72 billion.
Bitcoin fell 0.4% to around $77,900 since midnight UTC as Binance customers pulled a net $3.64 billion after withdrawals reopened and ETFs lost $643 million.
The Bitcoin white paper achieved a lot of what Satoshi Nakamoto set out to accomplish, but the cultural impact it had may outweigh Bitcoin itself, writes CoinDesk's Nikhilesh De.
Bitcoin fell 1.4% since midnight UTC to around $80,100 as disappointing reports from Samsung and Alphabet weighed on tech stocks. The Fed’s preferred inflation gauge is due later today.
Bitcoin fell below $80,000 as Samsung-driven tech weakness and a hawkish Fed hold triggered a broad risk-off move. Crypto futures saw $356 million in liquidations.
Bitcoin rose above $81,400 as Asian chip stocks rallied, with frog-themed memecoin pepe adding 9%.
Bitcoin fell 0.4% to around $79,700 since midnight UTC while Asian tech stocks rallied. The DeFi index dropped 1.8%, and the Fed is set to begin a two-day meeting.
Bitcoin was little changed near $80,400 since midnight UTC while the DeFi index was the only CoinDesk index to gain, with the Fed due to decide on Wednesday.
Bitcoin went quiet after a week of big swings, with tech futures steadying and Brent hitting its highest level since early May. The Fed meets next week.
Bitcoin rose 0.5% to around $81,700 since midnight UTC while the CoinDesk 80 gained 1.4% and memecoins climbed 2.9%.
Bitcoin and gold pared early losses as the yen gave up gains and Asian stocks rebounded, though oil near $100 keeps inflation risks in focus.
Bitcoin as much as 2.9% to around $81,600 as Nasdaq futures dropped, while the CoinDesk 80 lost 3.5% and DeFi index slid 6%.
Bitcoin gave back its run at $85,000 and broke below $82,500 as weak tech earnings soured the mood. XMR bucked the drop with an 11% jump.
Bitcoin slipped 0.5% to around $81,400 even after the biggest daily spot ETF inflow in nearly a month as South Korea's Kospi index fell 3.7% on AI worries.
Bitcoin rose 0.8% to around $82,700 as China’s GDP beat estimates and Nasdaq futures rebounded, while the CoinDesk 80 gained 1.3% and DeFi led gains.
Bitcoin, Nasdaq futures and Asian stocks rally as stronger-than-expected China GDP and falling oil prices lift risk appetite.
Bitcoin tore back to $82,500 within two hours of dipping under $80,000, and chipmakers in Seoul recovered from their worst close since April.
Bitcoin fell to just above $80,000 as South Korea’s Kospi plunged 8%, while the CoinDesk 80 fell 2.2% and all but six CoinDesk 100 members declined.
Bitcoin briefly reached $84,000 before easing back, while the CoinDesk 80 fell 0.6% since midnight as traders waited for U.S. inflation data.